One more year has been extended in the lease for the Woodland Centre store...
(vested)
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The Company previously announced that in light of the implementation of the Selective En bloc Redevelopment Scheme (“SERS”) on Blocks 1A to 6A Woodlands Centre Road, the Group intended to renew the lease for the Woodlands Centre Supermarket to 30 September 2016, being the date stipulated by HDB for vacation of the Woodlands Centre Supermarket premises (“End Date”).
The Company wishes to announce that HDB has provided notice that the End Date has been extended to 30 June 2017. Accordingly, the Group intends to renew the lease for the Woodlands Centre Supermarket to 30 June 2017.
http://infopub.sgx.com/FileOpen/Update_o...eID=305743
Sengkang and puggol area will be a good opportunity for growth if they are able to set up a few shop there
(17-07-2014, 10:11 PM)xiang38 Wrote: [ -> ]Sengkang and puggol area will be a good opportunity for growth if they are able to set up a few shop there
I think Punggol already has a Sheng Siong outlet, not sure if they would open another there. From their outlet breakdown, appears that they don't open 2 stores in a single area other than the cluster in the Bedok Area. With more HDBs due soon in the Northeast, it may be a possibility
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Finding the Value in a Speculative World
http://www.valueinvestasia.com
(18-07-2014, 01:22 PM)muns Wrote: [ -> ] (17-07-2014, 10:11 PM)xiang38 Wrote: [ -> ]Sengkang and puggol area will be a good opportunity for growth if they are able to set up a few shop there
I think Punggol already has a Sheng Siong outlet, not sure if they would open another there. From their outlet breakdown, appears that they don't open 2 stores in a single area other than the cluster in the Bedok Area. With more HDBs due soon in the Northeast, it may be a possibility
___________________________________________________________
Finding the Value in a Speculative World
http://www.valueinvestasia.com
FYI, there are more areas with at least two SS stores.
Woodland - 3 stores
Yishun - 2 stores (will have one more few years later)
Bedok - 4 stores (as you have highlighted)
Clementi - 3 stores
Jurong - 2 stores
AMK - 2 stores
(18-07-2014, 03:28 PM)CityFarmer Wrote: [ -> ] (18-07-2014, 01:22 PM)muns Wrote: [ -> ] (17-07-2014, 10:11 PM)xiang38 Wrote: [ -> ]Sengkang and puggol area will be a good opportunity for growth if they are able to set up a few shop there
I think Punggol already has a Sheng Siong outlet, not sure if they would open another there. From their outlet breakdown, appears that they don't open 2 stores in a single area other than the cluster in the Bedok Area. With more HDBs due soon in the Northeast, it may be a possibility
___________________________________________________________
Finding the Value in a Speculative World
http://www.valueinvestasia.com
FYI, there are more areas with at least two SS stores.
Woodland - 3 stores
Yishun - 2 stores (will have one more few years later)
Bedok - 4 stores (as you have highlighted)
Clementi - 3 stores
Jurong - 2 stores
AMK - 2 stores
Ohh thanks for the info! Appreciate it: )
Seems like there are more in the mature estates!
___________________________________________________________
Finding the Value in a Speculative World
http://www.valueinvestasia.com
Sheng Siong Group’s net profit grew 30.3% yoy to S$11.1 million for 2Q2014
Revenue increased 7.4% yoy to S$171.6 million in 2Q2014 largely due to higher new stores sales and comparable same store sales growth
Gross profit margin increased from 23.2% in 2Q2013 to 24.7% in 2Q2014 mainly due to lower input costs derived from the distribution centre
Declared interim dividend of 1.5 cent per share
To read more:
http://infopub.sgx.com/FileOpen/SSG_2Qan...eID=306474
Thank you for those who shop with SSG and congrats to those vested...
(23-07-2014, 06:58 PM)Henri Wrote: [ -> ]Sheng Siong Group’s net profit grew 30.3% yoy to S$11.1 million for 2Q2014
Revenue increased 7.4% yoy to S$171.6 million in 2Q2014 largely due to higher new stores sales and comparable same store sales growth
Gross profit margin increased from 23.2% in 2Q2013 to 24.7% in 2Q2014 mainly due to lower input costs derived from the distribution centre
Declared interim dividend of 1.5 cent per share
To read more: http://infopub.sgx.com/FileOpen/SSG_2Qan...eID=306474
Thank you for those who shop with SSG and congrats to those vested...
A glimpse at the result, here are my view
In 6 months of FY2014, revenue increased 6.5%, gross profit increased 12.8%, and net profit increased 24.2%. It tallies with my expectation.
The online store, and extended operation hours, helped in pushing up both the GPM and NPM, with higher same-store sales, online sales, and higher margin items e.g. fresh products.
No statement on the online stores. May be it is still premature to release any data.
The company remains debt-less, the full payment for Tampine Centre stores is not due yet, only deposit payment upon exercising the option. Once full payment due, I am expecting mortgage debt for the acquisition.
The interim dividend increased from 1.2 cents to 1.5 cents, a 25% increment. It should be reasonable to assume full year dividend will increase in similar %.
I will go thru the report in more detail, and will add more if any
(happily vested)
(23-07-2014, 09:43 PM)CityFarmer Wrote: [ -> ]The online store, and extended operation hours, helped in pushing up both the GPM and NPM, with higher same-store sales, online sales, and higher margin items e.g. flesh products.
(happily vested)
Errrmmmm......CityFarmer..... O__o"
(23-07-2014, 09:48 PM)Dividend Warrior Wrote: [ -> ] (23-07-2014, 09:43 PM)CityFarmer Wrote: [ -> ]The online store, and extended operation hours, helped in pushing up both the GPM and NPM, with higher same-store sales, online sales, and higher margin items e.g. flesh products.
(happily vested)
Errrmmmm......CityFarmer..... O__o"
I do buy flesh products from Sheng Siong, ie. chicken, pork and fish.
